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Datascape: Austin | Nashville Innovation Ecosystems

May 14, 2019

In preparation for the upcoming the Nashville Area Chamber of Commerce’s 28th Annual Leadership Study Mission this week, the following datascape was developed to update the research metrics the Nashville Innovation Project released in 2018 and delve deeper into Austin’s ecosystem. The document is organized into the five innovation ecosystem components Talent, Capital, Network, Physical Infrastructure, and Enabling Environment. It can be downloaded here.

A couple of other interesting resources include:

  • Building the Austin Technology Cluster: The Role of Government & Community Collaboration in the Human Capital

  • A History of High Tech and Technopolis in Austin

    -Brian Phelps

Credit: iStock/stevanovicigor

Credit: iStock/stevanovicigor

Engendering Serendipity

June 20, 2018

Each of the mechanics discussed earlier seeks to increase the probability of serendipity, a phenomenon that is often the formative ingredient of innovation. It is the unexpected, unplanned positive moments where we discover novel information that leads us to new insights, opportunities, or relationships.  

In a survey conducted by the Brookings Institute for the Oklahoma City, Oklahoma innovation ecosystem audit, they looked at the where serendipitous interactions took place in Oklahoma City's Automobile Alley district and the Kendall Square district in Cambridge, Massachusetts, 63% (OKC) and 66% (Kendall Square) of respondents acknowledged that serendipitous interactions as useful for their work. In the less dense and auto-oriented urban environment of the Oklahoma City district, those surveyed identified interior spaces where serendipitous interactions take place consistently higher than the public realm. Conversely, Kendall Square respondents rated outdoor environments much higher. Kendall Square district has intentionally integrated more enriching public space, pedestrian-scaled streetscapes, and third places so it would be expected to be higher than where those amenities are not present. However, Kendall Square respondents rated interior spaces of their buildings and central facilities such as cafeterias considerably lower as compared to these environments. 

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credit: istock/anyaberkut

credit: istock/anyaberkut

Expanding Your Adjacent Possible Through Exploration

May 05, 2018 in Mechanics of Innovation

Conjuring ideas from thin air is a rare feat. Most of the mythologized eureka moments involve layers of information that lead up to connecting the dots. Before we can combine them into new insight, they must be available to us. Exploration is the fundamental practice of harvesting this information.  Alex Pentland and his colleagues at the MIT’s Human Dynamics Lab have conducted extensive research in what makes teams consistently innovative and productive.  Using data from mobile phones, credit card records, and sociometric badges they confirmed explorations role. They have observed the individuals who comprise these teams spend an inordinate amount of their time exploring outside of their offices and departments. As the pace of the business cycle accelerates, one must think on your feet and be able to assimilate and evaluate information faster than ever. 

Too often we succumb to the availability heuristic where we the most recently available knowledge and experiences permeate our thinking. This phenomenon further reinforces the need to ensure diverse and new information frequently injected into our daily habits. Continuous exposure to new knowledge can ensure we have fuel for new ideas. We need the dots to connect and new insights to bear on the problems we are trying to solve. 

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Tags: Exploration, Adjacent Possible
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Nashville Innovation Project
Working to increase Nashville's innovation capacity.
©2018